Rangers Protocol: Blockchain For The Virtual World

Rangers Protocol: Blockchain For The Virtual World

Rangers protocol is an ethereum layer 2 scalability solution developed by mixmarvel that will enable developers to deploy various applications on the blockchain without fear of congestion due to high transaction performance of Rangers protocol.

Rangers protocol is an interoperability chain that allows interactions between multiple chains and also cross-chain assets support through the relay system consensus.

Rangers protocols handles NFT apps, EVM, ERC-71 without lagging across all chains through its VRF+BLS consensus mechanism and allows cross-chain assets using the relay system

The success of Ethereum as a leading blockchain in the crypto verse is unprecedented. Ethereum was developed to disrupt the traditional financial system by ushering in a decentralized finance (DeFi) era, as well as providing the platform for developers to create various applications on the blockchain in a decentralized environment often referred to as decentralized applications (DApps).

Decentralized finance (DeFi) has seen a significant growth in recent memory, and Ethereum has played a leading role in bringing this ideology to reality.

While Ethereum and its native token Ether has seen a significant rise is both reputation and values, the long standing bottlenecks of scalability is still plaguing the flagship DApp blockchain which of recent memory is the congestion brought about by the deployment of a gaming DApp “cryptokitties” on the ethereum blockchain back in 2017 that nearly brought the blockchain to its kneel.

It is evident ethereum chain can not handle large transactions per time and this makes it not ideal for deployment of decentralized apps (DApp) like a gaming platform that requires constant interaction with the chains due to high activities as a result of gaming. Players spend a considerable amount of time playing games and in the process keep sending data to the chain at a rate much higher than the processing capacity of the ethereum chain which leads to congestion and lagging of games taking away the speed and fun of it. Ethereum founders knows this and have come with scalability solution such as the ethereum layer 2 that allows developers develop protocols compatible with ethereum chain to help relieve the loads on the ethereum layer 1 and Rangers protocol is one of such projects looking to exploit the layer 2 and build a interoperability chain to link all aspects of DeFi and non financial aspects.

It is also worthy of note that ethereum was developed to address both financial, semi financial and non financial application of blockchain and while the formers are enjoying success in recent times, the application of ethereum chain to non financial sector is yet to be fully tapped into, Rangers protocol is here to do just that.

Features of Rangers Protocol

• Relay system that allows users to transfer crypto assets between different chains through its bridge feature, ending barriers of chain limitation in crypto assets transfer.
• VRF+BLS consensus mechanism that allows real time transaction execution call time x1000 faster than ethereum. This high through-put ability of Rangers protocols allows smooth gaming experience for gaming DApps that naturally generate high transaction requests per time.
• ERC-71 supports backing NFT as assets on DApps environments such as gaming platforms.
• High transaction through-put that puts an end to scalability problems
• Scalability
• Interoperability
• Multi-chain assets support
• Low cost

Rangers Protocol Gas (RPG)

RPG is the native currency of the Rangers Protocol and the utility token of the protocol. It will also serve as the governance token of the Rangers protocol where individuals holding RPG can be a key contributor in the decision making of the Rangers protocol.

Token details

Name: Rangers Protocol Gas

Ticker: RPG

Total supply: 21,000,000

For more information and resources

https://rangersprotocol.com/

https://twitter.com/rangersprotocol

https://www.facebook.com/Rangers.Protocol

https://t.me/RangersProtocolAnnouncement

ABOUT THE AUTHOR

Bitcointalk username: tonyryce

Profile link: https://bitcointalk.org/index.php?action=profile;u=2370255

Poof of authentication link: https://bitcointalk.org/index.php?topic=5363393.msg58099687#msg58099687

BSC Wallet address: 0x8BCF0166E04085dcE209b203e3ac19D65Cd0D3ca

Source: https://medium.com/@temitayo_adebanjo/rangers-protocol-blockchain-for-the-virtual-world-c347675df4a?source=rss——cryptocurrency-5